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December 10, 2021
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Sigmund Freund assures that with PPP projects “shadow tolls will not be repeated”

El Caribe

Ensures that with PPP projects “shadow toll will not be repeated”

Santo Domingo – The Executive Director of the General Directorate of Public Private Partnerships (DGAPP), Sigmund Freund, congratulated the President of the Republic, Luis Abinader, for the successful negotiation reached with the concessionaire of the Autopista del Nordeste (Autopista de Samaná).

This will save the State approximately US $ 1,500 million and guaranteed that PPP projects will not repeat the shadow toll.

Sigmund Freund stated that only the great commitment of President Luis Abinader to the defense of the best interests of the country could bring an end to a contract highly damaging to the public coffers.

And without this affecting the legal security of the country before national and foreign investors.

“This is a historic agreement that only a president like Luis Abinader, due to his great commitment to the country, could achieve and amicably, without damaging legal security. I congratulate the President for his consistency, because since he assumed power he assured that he would end this shadow toll and he complied with it, ”said Freund, who was linked to the team of officials who worked to achieve the agreement.

The official also welcomed the decision of the president to go to the trust RD Vial the administration of this important highway and reduce the cost of the journey from the Las Américas highway to Samaná by 20% from January next year.

Freund highlighted that, from the DGAPP, it reaffirms its commitment to work hard to guarantee the efficient, transparent structuring and with a correct risk distribution of public-private alliances, always attached to Law 47-20, to avoid repeating a A contract like this one from Samaná, which has been so clear to the State.

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